Capgemini's Net Zero Goals Verified in Line With New SBTi Net Zero Standard
In keeping with its ongoing commitment to combat climate change under the most recent climate science, Capgemini participated in the Science Based Target initiative (SBTi) consultation from 2019 to 2021 to help design the new Net Zero Standard, leading to its publication in October 2021.
SBTi has validated the company's new long-term (2040) and short-term (2030) net zero carbon reduction targets.
Following are the new targets of Capgemini:
The Group’s new long-term net zero targets is to achieve a 90% reduction in all carbon emissions across scopes 1, 2, and 3 by 2040, compared to a baseline of 2019;
Its near-term (2030) scope 3 targets for commuting and business travel have been strengthened to a 55% reduction per employee from a 2019 baseline (compared to a 50% per employee reduction from a 2015 baseline);
Its scope 1 and 2 targets (80% absolute reduction by 2030), as well as scope 3 supply chain targets (50% absolute reduction by 2030), have also been strengthened by revising the baseline year from 2015 to 2019.
Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said:
"The climate crisis demands bold actions, such as the new targets we have set for the Group, leading to a 90% absolute carbon reduction covering our entire value chain. Transitioning to a low-carbon economy will also require more innovation and collaboration with our partners, clients and suppliers. We welcome the clarity and transparency the new SBTi Standard brings to the field and will continue to work with partners like SBTi and Forum for the Future and to accelerate the journey towards an inclusive and sustainable future.”
Capgemini's goal is to help its clients save at least 10 million tonnes of CO2e by 2030, in addition to decreasing its own carbon footprint, through a new framework of sustainability solutions.
To track its success, the Group has created an internal measuring tool and has just published a new report with the worldwide sustainability non-profit Forum for the Future, "Measuring Impact: a Methodology to Inform Transformative Project Design." The report, which will be presented at New York Climate Week 2022, delves into Capgemini's GHG Impact Methodology.
This methodology guides professional services organisations in calculating the carbon footprint of the sustainable transformation programmes they perform for their clients. It is designed to enable more accurate and meaningful decision-making during the project design phase as well as provide an accurate impact calculation at the end of a project.
Capgemini was one of the first companies in its sector to set SBTi-verified, science-based targets for carbon emission reductions as early as 2016. These were achieved in January 2020, ten years ahead of schedule and COVID lockdowns. Since then, the Group has implemented a ten-point global programme covering business travel, employee commuting, office and data centre energy, and emissions from purchased goods and services.
The Group has proactively engaged its top 100 suppliers (who account for approximately 50% of total supply chain emissions) and is currently transitioning to 100% renewable electricity by 2025.
Capgemini has also built a one-of-a-kind Energy Command Centre (ECC) to monitor and manage energy performance across its sites in India, which account for roughly a fifth of the Group's energy footprint. The ECC has made a significant contribution to its sustainable development objectives by reducing energy use by an estimated 20% since its establishment.
The Group's efforts to reduce carbon emissions, mitigate climate risks, and establish a low-carbon economy were recognised earlier this year when it was named to the CDP's A-list.